Regulating Shadow Banking
Steven L. Schwarcz
Duke University - School of Law
October 1, 2012
Review of Banking and Financial Law, Vol. 31, No. 1, 2012
Although shadow banking is said to be huge, estimated at over $60 trillion, it is not well defined. This short and accessible paper attempts to define shadow banking by identifying its overall scope and its basic characteristics. Based on the definition derived, the paper also conceptually examines how shadow banking can be regulated to try to maximize its efficiencies while minimizing its risks.
Number of Pages in PDF File: 24Accepted Paper Series
Date posted: January 30, 2012 ; Last revised: October 3, 2012
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